Hammond Power Solutions (OTCMKTS:HMDPF) Stock Price Down 1.6% – Here’s Why

Hammond Power Solutions Inc. (OTCMKTS:HMDPF)’s share price was down 1.6% during trading on Monday . The company traded as low as C$69.43 and last traded at C$69.43. Approximately 3,375 shares changed hands during trading, a decline of 39% from the average daily volume of 5,509 shares. The stock had previously closed at C$70.57.

Hammond Power Solutions Price Performance

The firm has a 50 day moving average of C$62.52 and a 200-day moving average of C$73.34.

Hammond Power Solutions Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.1927 per share. This represents a yield of 1.36%. The ex-dividend date was Friday, March 21st. Hammond Power Solutions’s payout ratio is presently 58.97%.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.